Root Capital

Root Capital
Founded 1999
Founder William Fulbright Foote
Type non-profit social investment fund
Location
Area served
Africa, Latin America, and Southeast Asia[1]
Key people
  • William Fulbright Foote (founder, CEO)
  • Peter Bernard (Chief Operating Officer)
  • Jared Chase (Chief Financial Officer)
  • Catherine Gill (EVP of Investor Relations & Communications)
  • Brian Milder (EVP of Strategy, Advisory & Innovation)
[2]
Website rootcapital.org

Root Capital is a non-profit social investment fund operating in poor rural areas of Africa, Latin America, and Southeast Asia. According to its website, Root Capital "seeks to maximize the positive social and environmental impact of [its] work through a three-pronged strategy: finance, advise, and catalyze."[3]

Operations

Root Capital claims to follow a three-step approach towards making a positive impact in the poor rural areas of Africa and Latin America where it operates. The three steps are:[3]

  • Finance: This involves making loans to rural small and growing businesses, including both short-term and long-term loans.
  • Advise: This involves delivering financial training to current and prospective clients.
  • Catalyze: This involves innovating on their own methodology to increase their own impact.

According to its impact page,[4] Root Capital has disbursed $1.1 billion USD between 1999 and 2017 and reached 5.7 million household members in rural communities.

Root Capital is one of several money managers to pursue a gender lens investing strategy.[5]

Funding

Root Capital seeks funding from both individual donors and foundations. Foundations that have funded Root capital include Mulago Foundation,[6] Jasmine Social Investments,[7] and Peery Foundation.[8]

External reviews

Charity Navigator has given Root Capital a four-star rating (its highest possible) in its review of the organization.[9]

Charity evaluator GiveWell had a conversation with the CEO of Root Capital in September 2011,[10] and plans to publish a detailed review of Root Capital in 2013.[11]

References

  1. ↑ "About Us". Root Capital. Retrieved 2012-12-05.
  2. ↑ "Our Team". Root Capital. Retrieved 2012-12-05.
  3. 1 2 "Our Approach". Root Capital. Retrieved 2012-12-05.
  4. ↑ "Impact Dashboard". Root Capital. Retrieved 2017-11-09.
  5. ↑ Sullivan, Paul (August 14, 2015). "With an Eye to Impact, Investing Through a 'Gender Lens'". The New York Times. The New York Times. Retrieved May 18, 2016.
  6. ↑ "Root Capital". Mulago Foundation. Archived from the original on 2013-07-26. Retrieved 2012-12-05.
  7. ↑ "Who We Fund". Jasmine Social Investments. Retrieved 2012-12-05.
  8. ↑ "Partners". Peery Foundation. Retrieved 2012-12-05.
  9. ↑ "Charity Navigator Rating - Root Capital". Charity Navigator. Retrieved 2012-12-05.
  10. ↑ "Conversation with Root Capital". GiveWell. 2011-09-16. Retrieved 2012-12-05.
  11. ↑ "Root Capital". GiveWell. Retrieved 2012-12-05.
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